Edition:
United States

Elizabeth Dilts

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Oct 20 2017

E*Trade to buy custody firm in growth push as profits remain dull

(In ninth and 10th paragraphs, this Oct 19 story corrects to show earnings were higher than analysts' estimates on an adjusted basis.)

Oct 16 2017

Wells Fargo brokerage to return $3.4 million for risky products

NEW YORK A brokerage industry regulator on Monday ordered Wells Fargo & Co to return $3.4 million to customers after selling them inappropriate investment products, the latest sign that a culture of problematic sales practices has bled into areas outside its consumer bank.

Oct 13 2017

Bank of America grows Merrill Edge reach to customers with thousands, not millions

NEW YORK Bank of America Corp has been quickly expanding its reach to those who are not wealthy enough to be customers of financial advisors within its Merrill Lynch brokerage, but have enough money to open an investment account.

Oct 11 2017

UBS to hire fewer trainees, spend more on them, to satisfy clients

NEW YORK UBS Group AG will hire fewer trainees in 2018 but spend two to three times more on teaching them to be financial advisers, a senior executive said, in the latest sign of industry efforts to satisfy wealthier clients and grapple with an aging workforce.

Sep 25 2017

FINRA orders Morgan Stanley to pay $13 million in fines, restitution

NEW YORK The Financial Industry Regulatory Authority said on Monday it ordered Wall Street investment bank and securities brokerage Morgan Stanley to pay $13 million in fines and restitution to clients for inadequately supervising certain short-term trades.

Sep 11 2017

Trump administration signals plans to defang retirement rule

NEW YORK The U.S. government will likely water down a key part of a landmark retirement rule, lawyers for the Department of Labor said, signaling that the government will offer an out for brokerages that would have been subject to class action lawsuits.

Sep 07 2017

FINRA reverses policy on Brokercheck information, allows access to bulk data

NEW YORK The head of the Financial Industry Regulatory Authority told a congressional committee on Thursday that FINRA overhauled its policy on allowing public access to information it has on brokers' professional and financial records and will allow the public to download the information in bulk.

Aug 15 2017

LPL Financial acquires indie broker dealer with 3,400 advisers

NEW YORK, Aug 15 The largest U.S. independent broker dealer, LPL Financial, said Tuesday it acquired National Planning Holdings, another independent broker dealer, with around 3,200 affiliated financial advisers.

Aug 09 2017

U.S. Labor Department delays fiduciary rule implementation date

NEW YORK The U.S. Department of Labor will give wealth management companies more time to get in line with the new "fiduciary rule," a regulation that requires financial advisers to put retirees' interests ahead of their own, the regulator said on Wednesday.

Aug 09 2017

Labor Department delays fiduciary rule implementation date

NEW YORK The U.S. Department of Labor will give wealth management companies more time to get in line with the new "fiduciary rule," a regulation that requires financial advisers to put retirees' interests ahead of their own, the regulator said on Wednesday.

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